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By R. Tinsley

Project-finance risk assessment is mature and approached systematically. Mining industry due diligence remains fragmented with specialists addressing different aspects of the project such as reserves/JORC, environmental impact, commodity market, even financial analysis/ modelling. Each professional has a natural tendency to believe that the risk factors they have examined are the key ones necessary to be reviewed, as if their review will stand in isolation from others in the way a project materialises. By first laying out the project risk categories and risk matrices, this paper examines the due diligence process with a keen eye to the risk assessment and overlap/interaction. Some cross fertilisation of due diligence techniques from other industry sectors is placed into the mining context. Six case studies are then presented with regards to due diligence features in each project's feasibility review or financial information/ offering memorandum. A power case first shows the differences between the due diligence expectations of banks versus bond financings. Then some Australian and Indonesian mining development cases are analysed to see the due diligence learning points. Some of these were project/due diligence failures. The conclusion focuses on the value of a systematic risk assessment for project evaluation, all from the project-finance perspective.

Jan 1, 2007

By W. F. Heinz

The efficient and effective handling and logistics of materials for underground support is an important part of mine mechanization and automation. Support systems based on backfill material or grout slurries and pastes transported underground through pipelines (ranges) lend themselves to a large degree of mechanization. In contrast the installation of conventional support systems such as props, timber packs, brick packs etc., requires more handling and hence is labour intensive and more costly. RODIO/ROSOND has developed and improved significantly its high density slurry/low density paste conveyance system on surface and underground during recent years. The surface batching and pumping stations are computer controlled and operate with a minimum labour complement. The RODIO/ROSOND grout pack support system has some unique features such as the use of relay stations, which result in the following distinct advantages and benefits to mining operations: • No interference with shaft operations • No grout ranges under high pressure in shaft • Efficient reticulation from underground relay stations • Low capital cost • Better control of quality of materials (high density slurry/low density paste) placed • Proximity of the working place to the relay station facilitates control of installation. These specific characteristics of RODIO/ROSOND’s grout pack support system have resulted in more economical support for several mines in South Africa and Australia.

Sep 1, 2001

The Centenary Distinguished Lecture was held on Thursday, 24th March, 1994 at the Convention Centre of the Sandton Sun, Johannesburg at 20:00. Herewith the proceedings that followed. P.R. Janisch: The South African Institute of Mining and Metalurgy began life one hundred years ago tonight, and eight years (almost to the day) after the 1886 discovery of gold, which has impacted so profoundly on the course of events in our country since then. The Early Years That discovery was a mater of fortune, but not in the sense of the conventional prospector's lucky strike. Canny explorers, such as the Strubens, had been around for some years and, if George Harrison had not stumbled over the Main Reef when he did, someone else would surely have done so within months. The element of luck was that the gold-bearing rocks of the Witwatersrand actually lay exposed to sight. We now know that they are something of the order of 2,5 billion years old. Rocks of that age are usually covered by younger formations. In fact, the bulk of the Witwatersrand Basin is covered by lava, dolomite, and Karoo measures. What, one wonders, would our history have been had the Karoo, which stops at the Vaal, extended no more than 60 kilometres further north. Dr H. Scot-Russell A piece of advice attributed to Paul Kruger, the who was President of the South African Republic one hundred years ago, was the following: 'Seek from the past that which is good, and build on it for the future'. It is advice that can be applied universally and, whether deliberately or not, it must have motivated my predecessors when this Institute celebrated its 40th, 50th, and 75th birthdays. Those milestones were each marked by retrospectives, as Peter Janisch has so ably presented tonight on our hundredth anniversary. The parallels do not end there. We find ourselves in times no less daunting than those our predecessors. Next month will see the birth of a new kind of South Africa; so did May 1902, May 1919, and May 1948.

Jan 1, 1994

By C. G. Schmidt, N. W. Hanf

Many of the pyrite concentrates produced at South African gold and uranium mines contain economically significant amounts of nickel, copper, and cobalt, apart from gold and uranium. In some cases these concentrates are leached for uranium, followed by roasting and cyanidation of the calcine for the extraction of the gold. Even if their intrinsic value is excluded, the presence of appreciable amounts of base metals can lead to excessive consumption of cyanide and zinc in the conventional process for the recovery of gold from calcines. The extent to which base metals, particularly cyanocides in the calcine, can be made soluble in water or in dilute acid by variation of the pyrite roasting conditions was investigated. An important finding of the investigation was that the conditions producing favourable base-metal sulphation (and hence solubility in water) also produced good sulphation of the uranium values that had not been extracted in a conventional leach of the original pyrite. Thus, if the pyrite is subjected to a sulphating roast followed by quenching in water (or dilute acid), it should be possible for the uranium to be extracted in improved yield. The need for leaching of the pyrite would therefore fall away. It was noted that sulphation roasting also resulted in improved gold extractions when the calcine was subsequently subjected to conventional cyanide-extraction procedures. From well-sulphated calcine, the dissolution of base metals and uranium appeared to be fairly independent of leaching pH, time, and temperature. On an inadequately sulphated calcine, Iow pH values during leaching gave increased extraction of copper and uranium but did not have a significant effect on the dissolution of nickel and cobalt. The extraction of uranium increased with increasing leaching time and temperature, while only longer times at a Iow pH value markedly improved the extraction of copper. The extraction of cobalt was fairly independent of leaching time and temperature, but the results were insufficient for a conclusive evaluation to be made of their effects on the dissolution of nickel. A cursory economic assessment 'indicated that sulphation roasting applied to the pyrites investigated is likely to be very profitable.

Jan 1, 1979

By T. V. Thoms, T. R. Twidle, J. W. Crous

This note describes an investigation into the most cost-effective material for mil-shell liners in large-diameter pebble mils with lifter bars. This is part of a project being conducted at the gold plant of East Driefontein near Carletonvile in the Transvaal. It was found that manganese-steel and chromium-steel liners are more cost-effective than liners of cast mild steel or white iron.

Jan 1, 1990

By T. B. S. Giddy

The advantages to be gained from the use of a high-density ion-exchange resin in a uranium recovery circuit are shown. It is concluded that, in existing fluidized-bed plants, the throughput of solution can be increased by up to 40 per cent at the same uranium recovery. Alternatively, the values in the barren solution can be improved at the same flow-rate of solution.

Jan 1, 1980

By J. Palarski

Long waling is used in most Polish coal seams, with backfilling to support the roof, to create an artificial hanging wall to prevent movement if the rockmass, and to eliminate the fire hazard in abandoned mine workings. This paper discusses the results if tests conducted on 7 different backfill mixtures, and gives equations for the estimation if the flow if backfill slurries through gravitational pipelines.

Jan 1, 1994

The finite element method of stress analysis is nowadays widely used in the fields of mining, mechanical and civil engineering. This paper presents a short description of the three-dimensional method, in which the elements used are arbitrary hexahedrons. Two examples of the application of the method are presented, namely, calculation of the elastic stress distributions in a coal pillar and in an opencast mine.

By P. H. S. W. Kulatilake

The paper introduces a computer simulation technique to estimate the target detection probabilities associated with search surveys. The technique takes into account the inherent randomness associated with the distributional properties of geologic targets. Use of the technique is illustrated through examples. The paper provides information as to how this technique can be used in obtaining the optimum sampling pattern and optimum spacing associated with target detection surveys.

Jan 1, 1987

By E. H. van Niekerk

The production of high-strength Iow-alloy (HSLA) steels containing either niobium or vanadium as the principal micro-alloying element is discussed, including recent developments in steelmaking practice that have had a great effect on the development of HSLA steels; strengthening mechanisms, as well as the principles of thermomechanical treatment during controlled rolling on a hot-strip mill; and the results of production heats with various amounts of micro-alloying elements.

Jan 1, 1984

VISIT TO HENDRINA POWER STATION AND OPTIMUM COLLIERY A visit to Hendrina Power Station and the Optimum Colliery, contractually committed to supply the coal for the power station, took place on the 20th September, 1972. INTERNATIONAL IRON AND STEEL CONGRESS This congress will be held in Dlisseldorf from May 23rd to 30th, 1974. The main theme is "Metallurgical Technology of Iron and Steplml1king".

By A. K. Haines

Hydrometalurgy, particularly leaching, is a highly topical subject and always generates great interest in the mineral industry. This was evident right from the start of the organization of the SAIMM Colloquium on Leaching, which was held at Mintek on the 8th and 9th November, 1988. The response to the cal for papers was so good that the Colloquium was extended to two days, instead of the usual one day.

Jan 1, 1988

By H. L. Monro

CONTRIBUTION BYP.J.D.LLOYD The thought-provoking paper by Monro deserves serious consideration. If he is correct, the practice of selling gold forward should cease forthwith. However, similar arguments may well be advanced against the selling forward of many other commodities, and this runs counter to the success of futures markets worldwide. If, indeed, the practice were basically flawed, then such markets should long since have failed.

Jan 1, 1992

By P. S. Turner

After a brief account of the differences between the control of underground fires and those on the surface, the paper describes the analogue detection system used on the mines of the Anglo American Corporation of South Africa Limited. The system comprises Spanair gas analysers, Becon combustion-particle detectors, a telemetering system, a surface signal-recording and-processing system, and an alarm system. The use of the system is described and illustrated.

Jan 1, 1982

By F. P. A. Robinson, J. W. Fourie

Austenitic stainless steels are welded using low-heat inputs. However, owing to differences in the physical metallurgy of austenitic stainless steels and duplex stainless steels, low-heat inputs should be avoided for duplex stainless steels. This paper highlights the differences in solidification mode and transformation characteristics of these two types of alloys. Recent work on the effect of heat input on the properties of weldments of duplex stainless steels is reviewed.

Jan 1, 1990

By C. L. E. Swartz, I. J. Barker, J. H. Schubert

A dynamic simulator of the leaching and adsorption cascades of a gold plant was developed and used to compare the effect of various disturbances on the overall efficiency of the plant. These comparisons show which disturbances most critically need to be controlled to optimize plant performance. The simulator was based on an existing gold plant. Dynamic and steady-state data were collected on the plant and were used in the modeling of the process. Simple dual-rate models are used to describe the leaching and adsorption processes. Mole-balances of various species take into account the changes of concentrations in the leach, and also the movement of pulp and carbon up and down the adsorption cascade. Fluctuations in the flow rate, density, and cyanide concentration of the feed to the leach have a negative effect on the efficiency of the leach, while carbon attrition was found to be an important factor in decreasing the efficiency of the carbon-in-pulp (GIP) section. Badly regulated transfers contribute towards the decreased efficiency of the GIP section, but overflows and carbon leakage have only a limited long-term effect. Various carbon profiles and transfer schemes were studied, and the results indicated that a slightly heavier loading at the bottom of the cascade is beneficial, while the type of transfer is relatively unimportant.

Jan 1, 1993

By L. R. Nelson

The efficiency and cost-effectiveness of the aluminothermic reduction process in the production of ferro-alloys and 'pure' metals depends strongly on appropriate balancing of the process energy required. Insufficient energy results in a poor metal yield, while over-supply can result in excessive fuming and possibly even ejection of the reactor contents in a potentially dangerous 'thermite bomb' reaction. This situation becomes even more critical when the suitability of limited quantities of oxide from new sources must be evaluated, dictating smaller-scale testwork. The resulting higher relative heat losses from the system complicates control of the energy balance, and usually requires the addition of thermal boosters or reactant preheating in order to sustain an autothermic process. This often detracts from the quality of the metal product, and adds to the hazards of batch aluminothermic- reduction testing. The development of a small-scale method (producing less than 2,5 kg of metal) for the plasma-assisted aluminothermic reduction of chromium oxide that overcomes such difficulties is described. The technique involves the use of a sealed 50 kVA plasma-arc furnace to provide controlled electrical ignition and supplementary energy to the reactants contained in a water-cooled copper crucible. The application of the method to the evaluation of the aluminothermic production of pure chromium metal from a unique chromic oxide source is reported.

Jan 1, 1996

By J. J. Geldenhuys

The Institute revived a valuable tradition when, on the 19th of March, 1983, it held its first 'annual' banquet in some fifteen years. It was such a sparkling success that it is sure to be held more frequently in future. The success of the occasion was borne out by the fact that the main banqueting hall at the Wanderers Club was filled to capacity, with over four hundred members and guests.

Jan 1, 1983

Carbon-concentration Meter The latest of these, the ultrasound-based carbon concentration meter, was developed by Mintek with original sponsorship by the Chamber of Mines Research Organization, and is now being manufactured and marketed worldwide by Debex Electronics in Johannesburg. Testing of detonators* The Chief Mining Engineer has asked the South African Bureau of Standards to monitor locally manufactured, as well as imported, detonators. This could ensure greater safety in fiery mines.

Jan 1, 1990

By N. Boegman

The meteorological conditions in South Africa are not conducive to the effective dispersion of air pollutants. In the light of this, and because of the magnitude, concentration, and future growth potential of the metallurgical industry, control of air pollution is essential. Methods of abatement are discussed for each branch of the metallurgical Industry, as well as for open-cast mining and bulk ore storage. Some recommendations are made regarding potentially rewarding research and development.

Jan 1, 1978